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The Following Adjusting Journal Entry Found in the Journal Is

Question 29

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The following adjusting journal entry found in the journal is missing an explanation. Select the best explanation for the entry. The following adjusting journal entry found in the journal is missing an explanation. Select the best explanation for the entry.   A) Record accrual of interest on loan. B) Record payment of interest on loan. C) Record interest due on account. D) Record interest expense paid.


A) Record accrual of interest on loan.
B) Record payment of interest on loan.
C) Record interest due on account.
D) Record interest expense paid.

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